Wendy's (WEN) FY2021 results: revenue $1.9 billion, up 9.4% on the year
Wendy's Co. (WEN) reported revenue of $1.9 billion for fiscal 2021, the year ended 2 January 2022, up 9.4% on the year before. Net income was $200 million, up 70.1%, and diluted earnings per share $0.89. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$1.9 billion
+9.4% on the year
FY2014FY2021
Operating margin
19.3%
15.5% a year earlier
FY2014FY2021
Net income
$200 million
+70.1% on the year
FY2014FY2021
Diluted EPS
$0.89
+71.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
346
284
289
+21.6%
Capital expenditure
78.0
69.0
74.5
+13.1%
Free cash flow
268
215
214
+24.3%
Free cash flow margin
14.1%
12.4%
12.6%
Cash from investing
-155
-68.2
-54.9
Cash from financing
-243
-158
-365
Depreciation and amortisation
126
133
132
-5.4%
Share-based compensation
22.0
18.9
18.7
+16.3%
Buybacks
269
62.2
218
+331.9%
Dividends paid
94.8
64.9
96.4
+46.2%
Dividend per share
$0.43
$0.29
$0.42
+48.3%
Diluted shares, weighted
224m
228m
235m
-1.6%
Shares outstanding at period end
216m
224m
225m
-3.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
436
550
516
-20.6%
Debt
2,381
2,247
2,280
+5.9%
Operating lease liabilities
853
865
898
-1.4%
Finance lease liabilities
560
506
481
+10.6%
Other liabilities
871
872
819
-0.1%
Total liabilities and equity
5,101
5,040
4,995
+1.2%
Fixed assets
907
916
977
-1.0%
Goodwill
775
751
756
+3.2%
Intangible assets
1,281
1,225
1,247
+4.6%
Investments
49.9
44.6
45.9
+11.9%
Cash and equivalents
249
307
300
-18.7%
Receivables
102
93.7
101
+8.4%
Inventory
5.9
4.7
3.9
+25.4%
Other assets
1,732
1,698
1,564
+2.0%
Total assets
5,101
5,040
4,995
+1.2%
10-K for the year ended 2 January 2022, filed 1 March 2022: the filing.